ICD Board of Directors names Mr Ayman Sejiny as General Manager (CEO)

JEDDAH, KINGDOM OF SAUDI ARABIA - EQS - 11 October
2018 - The
Board of Directors of the Islamic Corporation for the Development of the
Private Sector (ICD) in its 91st
Meeting held on 3/9/2018 approved appointment of Mr. Ayman
Amin Sejiny, as General Manager (CEO) of ICD.

Dr.
Bandar Hajjar, the President of IsDB and Chairman of ICD Board of Directors
said: "After a rigorous search, the Board concluded that Ayman's
considerable experience in banking sector, along with his strong track record
of success as a CEO, made him the outstanding candidate for the role. Mr. Ayman
has demonstrated throughout his career the ability to work successfully in
different environments, designing and leading strategies which resulted in
impressive value creation. I look forward to working with him to create the
next chapter of ICD's story of success".

Mr Ayman Sejiny, incoming
CEO, said: "I have admired ICD from the outside for many years and am
delighted, therefore, to have been chosen to lead the corporation in the next
exciting phase of its journey. I greatly look forward to meeting employees,
leaders, customers and other stakeholders after I join in October and to
working with them to achieve further success in the years to come."

Mr. Ayman Amin Sejiny is highly accomplished
financial industry leader. He served as Chief Executive Officer of Ibdar Bank
BSC, Bank Alkhair, Barclays Capital Saudi Arabia and as the Chairman of Open-Silicon,
Inc and Bahrain Financing Company Group as well as a Board member of Unicorn
Bahrain. Mr. Sejiny has in-depth knowledge and more than 24 years' experience
in investment and corporate banking in the local, regional and international
markets. He held a senior role in a number of regional and international financial
institutions, including Citi Bank and ABN AMRO affiliate in Saudi Arabia (Saudi
American Bank "SAMBA" and Saudi Hollandi Bank). Mr. Sejiny is Board and C-Level
performer with vast experience in innovating financial processes and products and
establishing boards, managements and institutions in highly regulated and
sophisticated jurisdictions and industry sectors. Mr Ayman holds a BA in
Finance from Eastern Michigan University, United States.

About ICD

A member of the Islamic Development Bank (IsDB) Group, the
ICD supports economic development and promotes the development of the private
sector in its member countries through providing Shariah-compliant finance
facilities and/or investments. It also provides advice to governments and
private organizations to encourage the establishment, expansion and modernization
of private enterprises.